AXA XL LIFE SYNDICATE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-11 (in 5mo)
Last made up 2025-09-27
Watchouts
None on the register
Cash
£13M
-62.6% vs 2023
Net assets
£10M
-43.5% vs 2023
Employees
—
Average over period
Profit before tax
£7M
-7.1% vs 2023
Name history
Renamed 2 times since incorporation
- AXA XL LIFE SYNDICATE LIMITED 2024-03-15 → present
- CATLIN (ONE) LIMITED 2007-06-04 → 2024-03-15
- WELLINGTON (ONE) LIMITED 1994-10-04 → 2007-06-04
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £29,890,000 | £36,448,000 | |
| Operating profit | £7,860,000 | £7,147,000 | |
| Profit before tax | £7,477,000 | £6,949,000 | |
| Net profit | £5,665,000 | £5,123,000 | |
| Cash | £35,036,000 | £13,113,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £18,460,000 | £10,438,000 | |
| Equity | £18,460,000 | £10,438,000 | |
| Average employees | — | — | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 26.3% | 19.6% | |
| Net margin | 19.0% | 14.1% | |
| Gearing (liabilities / total assets) | 78.2% | 88.7% | |
| Current ratio | 2.65x | 1.39x | |
| Interest cover | 271.03x | 7.90x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company will have adequate resources to continue in operation and be able to meet its liabilities as they fall due. For these reasons, it is considered appropriate to continue to adopt the going concern basis for preparing the financial statements.”
Significant events
- “The Company changed its name from Catlin (ONE) Limited with effect from 15 March 2024.”
- “An interim dividend of £13.1m was paid during the year (2023: £nil).”
- “In June 2024, the Company declared an interim dividend of £13.1m to its shareholder (XL Bermuda Ltd)”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOND, Anna Monica | Secretary | 2024-01-15 | — | — |
| CUMMINGS, Mark Rankin | Director | 2020-06-01 | Sep 1974 | British |
| HEARN, Simon | Director | 2023-06-22 | Nov 1972 | British |
| MCGOVERN, Sean Gerard | Director | 2023-06-22 | May 1970 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSHER, Thomas George Story | Secretary | 1997-02-28 | 2000-06-30 |
| GLOVER, Michael Logan | Secretary | 2003-05-01 | 2004-09-20 |
| GUYATT, Elizabeth Helen | Secretary | 2007-03-30 | 2015-09-10 |
| NOONE, Lisa Marie | Secretary | 2001-04-09 | 2003-05-01 |
| PEARCE, Philip | Secretary | 2000-07-07 | 2001-04-09 |
| REES, Marie Louise | Secretary | 2015-09-10 | 2024-01-15 |
| THOMAS, Heather Irene | Secretary | 2006-09-22 | 2007-03-30 |
| NOBLE FINANCIAL HOLDINGS LIMITED | Corporate Secretary | 1994-10-04 | 1997-02-28 |
| WELLINGTON INSURANCE LIMITED | Corporate Secretary | 2004-09-20 | 2006-09-22 |
| AVERY, Julian Ralph | Director | 1994-11-07 | 2004-09-20 |
| BRADBROOK, Paul Richard | Director | 2015-10-27 | 2020-06-01 |
| BURKE, Martin Thomas | Director | 2007-06-14 | 2007-08-21 |
| BUSHER, Thomas George Story | Director | 1997-02-27 | 2000-06-30 |
| CALLAN, Robert | Director | 2013-01-08 | 2015-10-31 |
| CUSACK, Julian Michael, Dr | Director | 1997-02-27 | 2002-06-21 |
| FRESHWATER, Neil Andrew | Director | 2008-09-16 | 2012-11-20 |
| FULKERSON, Allan White | Director | 1996-01-23 | 2001-04-09 |
| GREENSMITH, Richard Paul | Director | 2018-11-26 | 2020-04-21 |
| HAYNES, Joseph Antony | Director | 1994-10-04 | 1998-06-30 |
| IBESON, David Christopher Ben | Director | 2007-05-17 | 2011-12-05 |
| IBESON, David Christopher Ben | Director | 2002-06-26 | 2004-05-01 |
| JARDINE, Paul Andrew | Director | 2007-05-17 | 2018-11-26 |
| LETSINGER, Katherine Lee | Director | 2004-05-01 | 2007-05-17 |
| LITTLEMORE, Robert David | Director | 2018-11-26 | 2022-05-10 |
| PEARCE, Philip | Director | 2000-07-07 | 2004-12-01 |
| PINSENT, Antony Andrew Macpherson | Director | 1994-11-07 | 1996-12-31 |
| PRATO JAÉN, Luis Alvaro | Director | 2020-06-01 | 2023-06-22 |
| PREBENSEN, Preben | Director | 2004-12-01 | 2007-05-17 |
| PRIMER, Daniel Francis | Director | 2007-05-17 | 2015-06-30 |
| SHAH, Nylesh | Director | 2006-09-22 | 2007-05-17 |
| SINFIELD, Nicholas Christopher | Director | 2011-12-20 | 2014-08-17 |
| THOMSON, Benjamin John Paget | Director | 1994-10-04 | 1996-12-31 |
| THOMSON, John Murray | Director | 1994-11-07 | 1998-06-26 |
| VAN DER MERSCH, Pierre Emile Leon Marie | Director | 1996-01-23 | 2000-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axa S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-13 | Active |
| Catlin (North American) Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2023-12-13 |
Filing timeline
Last 20 of 239 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-09 RESOLUTIONS Resolution
- 2024-07-29 CC04 Statement of companys objects
- 2024-03-15 CERTNM Certificate change of name company PDF
- 2023-08-01 CC02 Notice removal restriction on company articles
- 2023-08-01 RESOLUTIONS Resolution
- 2023-08-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-09-09 | SH20 | capital | Legacy | |
| 2025-09-09 | CAP-SS | insolvency | Legacy | |
| 2025-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-07-13 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CC02 | change-of-constitution | Notice removal restriction on company articles | |
| 2023-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-01 | MA | incorporation | Memorandum articles | |
| 2023-06-26 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+21.9%
£29,890,000 £36,448,000
-
Cash
-62.6%
£35,036,000 £13,113,000
-
Net assets
-43.5%
£18,460,000 £10,438,000
-
Employees
—
Not reported
-
Operating profit
-9.1%
£7,860,000 £7,147,000
-
Profit before tax
-7.1%
£7,477,000 £6,949,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers